Broad-based ETFs are most favored by the market
With A-shares pulling back sharply, a lot of money is falling more and more to buy, the enthusiasm of the layout of the market through the fund is soaring, of which the SSE 50 ETF, CSI 300 ETFs and other broad-based ETFs are the most absorbing, becoming the "bottoming out tool". So today I'm here to organize the broad-based ETFs most favored by the market, let's take a look together!
Broad-based ETFs are the most favored by the market
According to Wind data statistics, as of September 20, the share of equity-type ETFs in the past month increased by 21.912 billion shares, if calculated by the average price of the interval transaction, the total net subscription funds as high as 33.052 billion yuan, 598 equity-type ETFs. 434 of the 598 equity ETFs, accounting for more than 70% of the positive share growth.
Broad-based ETFs are undoubtedly the first choice for funds to plunge to the bottom of the market, according to Wind Data, the top five ETFs with the largest growth in size in the past month are all broad-based ETFs, which have absorbed a total of 30.769 billion yuan, accounting for 93% of the net subscription amount of all equity-based ETFs.
Huaxia's SSE 50 ETF has been the biggest gold draw in recent months. As of September 20, the ETF's fund share grew by 4.091 billion shares, calculated on the basis of the average price of transactions in the region, about 11.323 billion yuan of net subscriptions, which is also the only ETF that absorbed more than 10 billion yuan of gold; in addition, Huatai Perry's CSI 300 ETF, the South's CSI 500 ETF, the Jia Shi's CSI 500 ETF, Yinhua's CSI 300 Growth ETF received 7.111 billion yuan, 6.0 billion yuan and 6.0 billion yuan of net subscriptions, respectively. net subscriptions of 7.111 billion yuan, 6.028 billion yuan, 3.538 billion yuan and 2.769 billion yuan.
What's worth noting is that among the many broad-based ETFs that gained net subscriptions, the six CSI 1000 ETFs that were hot in the previous period all saw significant net outflows. According to Wind data, in the past month, the fund shares of the six CSI 1000 ETFs have decreased by a total of 18.112 billion shares, which translates into a shrinkage of about 23.774 billion yuan, with the worst one being net redeemed for more than 10 billion yuan.
Behind the "fire and ice" of broad-based ETFs, the market's style switch is also reflected to some extent. As of September 20, nearly a month, on behalf of the large-cap style of the SSE 50 index is obviously more resistant, only down about 3.58%, while the small-cap style of the CSI 1000 index is a sharp retracement of about 10.42%, so that the funds to make a diametrically opposed operation.
Besides broad-based ETFs, sector ETFs with large adjustments, such as Huaxia's Chip ETF, Huabao's Healthcare ETF and Guolian's Semiconductor ETF, have also gained more funds, with net subscriptions exceeding 1 billion yuan over the past month.
Many star fund managers ushered in "new bullets"
Besides ETFs, active equity funds managed by several star fund managers also ushered in "new bullets". Funders continued to increase their positions in the third quarter, making many funds show a net subscription status.
For example, by Zhou Weiwen, Liu Weiwei, Luo Jiaming *** with the management of the China Europe Times Pioneer, recently participated in the power of the diamond fixed, according to the fixed announcement of the total cost and accounted for the ratio of the net asset value of the fund, as of September 16, the fund's latest size of 16.467 billion yuan, compared with the end of the second quarter, an increase of about 1.5 billion yuan, in view of the fund range of the net value of the rise and fall of the negative means that the net subscription since the third quarter of the fund has received a net subscription. has received net subscriptions since the third quarter.
Similarly, Xin'ao Advanced Manufacturing, managed by Mingyuan Feng, has also seen net subscriptions. The fund's latest size was about 3.548 billion yuan as of Aug. 24, up significantly from 2.466 billion yuan at the end of the second quarter, according to calculations based on the announcement of its participation in a fixed-income increase in Kexiang shares, while the fund's net value edged up 0.27 percent over the same period, meaning its size growth was mainly contributed by share gains from net subscriptions.
Shanghai, a fund company's e-commerce department also told brokerage China reporter, in the recent market adjustment process, the company's a high-performance fund has also gained a certain amount of net inflow of funds, "now the fund is really more difficult to sell, the inflow of funds, although a small rated investment is mainly, but it also reflects, to a certain extent, that the mentality of the investor has gradually matured ".
From the point of view of the daily fund network distribution data, the platform's monthly sales list of the top ten in the eight are star fund managers of active equity funds, including consumption, new energy, medicine and other industry-themed products occupy most of the products, including Xiaonan's Efonda Consumer Sector, Cui Chenlong's Qianhai Open Source Utilities, Zhang Kun's Efonda Blue Chip Select, Xie Zhiyu's Xingquan Hurun, Zhao Bei's Industrial and Commercial Bank of China (ICBC) Frontier Medical stocks, etc.
Investors need to pay more attention to balanced allocation
Standing at the current point in time, Hu Yingzhen, fund manager of Huabao Fund's multi-asset allocation team, believes that, with the recent market downturn, the A-share risk premium is rising again, and the current SSE 3,100 points with the middle of March, the growth of the value of the broad-based index PE are lower than the position of the middle of March, close to the valuation bottom at the end of April this year. Close to the valuation bottom with the end of April this year.
As mentioned above, when the market is back to the lows, the popular tracks have fallen back, and all kinds of funds have begun to grab chips at low levels. But the direction of the position is also crucial, looking ahead to the market, a number of fund managers gave their own advice.
Li Hai, fund manager of Cathay Capital, is more optimistic, saying that the moment of increased market crisis is often a key point for stocks to build a position, and that the market is currently at the bottom, and should be actively laid out to meet the reversal of investment opportunities that may occur in the market.
Li Hai said he is optimistic about the investment opportunities in three areas: First, the representative industry of steady growth - real estate, real estate is in a critical period of industry restructuring, after the industry reshuffle, those who "survive" the real estate companies will be The second is hidden in the "meta-universe" theme of the new wave of hardware and software technology innovation, 5G era, such as VR, AR, industrial Internet, automotive networking and robotics applications continue to enrich the arithmetic power of the equipment to put forward higher requirements, and further promote the innovation of the hardware; the third is the upcoming policy margins and product volume of innovative drugs. Improvement and product release of innovative drugs, innovative drugs have been at the bottom of the valuation, the market is worried about the health insurance fee control is essentially to more accurate resource support to the real innovation, along with the policy is good and the aging trend of society, innovative drugs have a broad space for growth.
Specific to the fund configuration, Vanguard CSI 1000 Index Enhancement Fund Manager Qiao Liang suggests this: "Review the market this year, different industries, track hotspot switching frequently, the rotation speed is fast. I think that in the future for quite a long time, it is difficult for the market to appear a main line, and it is difficult for A-shares to appear similar to the market in 2019 and 2020, where a certain track or style continues to prevail. In this kind of market, investors need to pay more attention to balanced allocation, broad-based index-enhanced products are very good investment choices."